How Many Units share is good to apply ?
Accordingly, even in this eviction, less than half of those who have applied for IPO will get 10 lots from the round. The remaining half of the applicant’s hand will also be empty in it.
Based on the number of applications received in the last IPO Reliance Life, about 600,000 (589,464) applications were received. Accordingly, at least 600,000 applications will be received for the IPO of General Insurance. Only 45 out of 100 people will get 10 lots of shares through the round of application while the remaining 55 will be left empty-handed.
Accordingly, an application of 10 lots, i.e. Rs. While half of the applicants do not get 1,000 shares, some believe that they will get the shares if they apply for more. However, securities issuance and sales managers say that it is not possible to get shares by applying for a large amount of money.
Applications can be submitted till Wednesday, September 30
NIVL Capital has stated in the share issue manager that one can apply for the company’s IPO from 11 to 14 September. There is an arrangement to apply for a minimum of 10 lots and a maximum of 10,000 lots.
Investors wishing to apply for an IPO will be able to apply for shares through banks and financial institutions that receive ASWA services, as well as through the My Share app and My Share software. Currently, there is no arrangement to apply from my share mobile app.
Currently, the company’s paid-up capital is Rs 700 million. The paid-up capital will reach Rs 1 billion after the IPO. Non-life insurance companies are required to maintain a minimum paid-up capital of Rs 1 billion as directed by the Insurance Committee.
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